Productivity puzzle? Financialization, inequality, investment in the UK
Onaran, Özlem and Tori, Daniele (2017) Productivity puzzle? Financialization, inequality, investment in the UK. [Working Paper]
GpercPolicyBrief_PB16_2017_ Onaran_Tori uk.pdf - Published Version
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According to econometric estimations using firm balance sheets of the publicly listed companies in the UK, in large non-financial corporations (NFCs), investment rate would have been 16% higher without the rise in financial payments, and 41% higher without the increasing financial incomes, and in the small NFCs, investment would have been 35% higher without the rise in financial incomes.
|Item Type:||Working Paper|
|Uncontrolled Keywords:||Financialization; Investment; Non-financial sector; Firm data; UK; productivity puzzle,|
|Subjects:||H Social Sciences > HG Finance|
|Faculty / Department / Research Groups:||Faculty of Business
Faculty of Business > Department of International Business & Economics
Faculty of Business > Greenwich Political Economy Research Centre (GPERC)
|Last Modified:||08 Feb 2017 10:24|
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